one8zero8 LLC Invests $425,000 in TotalEnergies SE (NYSE:TTE)

one8zero8 LLC purchased a new position in TotalEnergies SE (NYSE:TTE - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,800 shares of the company's stock, valued at approximately $425,000.

Several other institutional investors and hedge funds also recently bought and sold shares of TTE. Empowered Funds LLC raised its position in TotalEnergies by 2.8% in the 3rd quarter. Empowered Funds LLC now owns 40,321 shares of the company's stock worth $2,606,000 after purchasing an additional 1,107 shares during the period. Atlanta Consulting Group Advisors LLC purchased a new stake in TotalEnergies in the 3rd quarter worth about $880,000. Thrivent Financial for Lutherans purchased a new stake in TotalEnergies in the 3rd quarter worth about $212,000. Equity Investment Corp raised its position in TotalEnergies by 2.3% in the 3rd quarter. Equity Investment Corp now owns 1,862,312 shares of the company's stock worth $120,343,000 after purchasing an additional 41,564 shares during the period. Finally, Strengthening Families & Communities LLC raised its position in TotalEnergies by 7.3% in the 3rd quarter. Strengthening Families & Communities LLC now owns 28,857 shares of the company's stock worth $1,865,000 after purchasing an additional 1,960 shares during the period. 16.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TTE. Redburn Atlantic raised shares of TotalEnergies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd. BNP Paribas lowered shares of TotalEnergies from an "outperform" rating to a "neutral" rating in a research report on Wednesday, November 27th. Royal Bank of Canada raised shares of TotalEnergies from a "sector perform" rating to an "outperform" rating in a research report on Thursday, December 5th. Morgan Stanley reaffirmed an "equal weight" rating and set a $64.10 target price (down from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Finally, Piper Sandler reduced their target price on shares of TotalEnergies from $77.00 to $62.00 and set a "neutral" rating on the stock in a research report on Thursday, December 19th. Six analysts have rated the stock with a hold rating, two have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, TotalEnergies has an average rating of "Moderate Buy" and an average target price of $72.42.

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TotalEnergies Stock Down 0.4 %

TTE stock traded down $0.24 during trading on Thursday, hitting $64.02. 1,047,739 shares of the company's stock traded hands, compared to its average volume of 1,513,311. The firm has a market capitalization of $153.49 billion, a P/E ratio of 9.61, a PEG ratio of 0.98 and a beta of 0.56. The business has a fifty day simple moving average of $60.08 and a two-hundred day simple moving average of $61.24. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36. TotalEnergies SE has a 1 year low of $53.29 and a 1 year high of $74.97.

TotalEnergies (NYSE:TTE - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. Sell-side analysts anticipate that TotalEnergies SE will post 8.02 EPS for the current year.

TotalEnergies Company Profile

TotalEnergies SE, a multi-energy company, produces and markets oil and biofuels, natural gas, green gases, renewables, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through five segments: Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals, and Marketing & Services.